| Previous Close | 0.0950 |
| Open | 0.0950 |
| Bid | 0.0950 x 0 |
| Ask | 0.1000 x 0 |
| Day's Range | 0.0950 - 0.1000 |
| 52 Week Range | 0.0900 - 0.3200 |
| Volume | 135,559 |
| Avg. Volume | 109,672 |
| Market Cap | 14.456M |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.0120 |
| Earnings Date | Jul. 29, 2021 - Aug. 05, 2021 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- GlobeNewswire
Millrock Partner Resolution Minerals Reports Drilling Results at Sunrise Prospect, 64North Gold Project, Alaska
VANCOUVER, British Columbia, May 18, 2021 (GLOBE NEWSWIRE) -- Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) ("Millrock" or the “Company”) is pleased to announce that partner Resolution Minerals Ltd. (ASX: RML) has reported that thick intervals of intrusion-hosted gold mineralization have been intersected at the Sunrise prospect, 64North gold project. The intervals were intersected in a recent rotary air blast (RAB) drill program that was carried out at the project. In total, Resolution drilled 27 holes along a fence 1,400 meters in length. The style of mineralization is similar to that observed at the Fort Knox gold mine operated by Kinross near Fairbanks, Alaska. Drilling detected gold over a 280-meter-wide corridor which is open at depth and to the north and south. The host granite intrusion is interpreted to extend more than one kilometer to the south of the recently completed RAB drilling. The gold mineralization is contained within a large gold-in-soil anomaly. The Sunrise prospect is located approximately four kilometers southwest of the Pogo Mine, which is operated by Northern Star Resources Limited. Drill result highlights include:Hole 21SU00736.6 meters at 0.33 g/t gold from surface Including:1.5 meters at 1.42 g/t gold from 1.5 meters depth, and 1.5 meters at 2.60 g/t gold from 9.1 meters depth. Hole 21SU00974.7 meters at 0.26 g/t gold from surface over the entire length of the hole Including:1.5 meters at 1.77 g/t gold from 12.2 meters depth, and 1.5 meters at 1.02 g/t gold from 48.4 meters. Of the 27 holes drilled, nine holes intersected gold mineralization grading above a cut-off grade of 0.1 g/t gold over significant intervals. The drill results indicate a mineralized corridor 280 meters in length. There is a strong association of bismuth and arsenic with gold-mineralized rock. This is the same metal association observed at Kinross’ Fort Knox gold mine. A complete listing of results is shown in Table 1A. Resolution also reports that other potential Fort Knox style intrusive targets have been recognized near the Pogo Mine road, proximal to the Sunrise Prospect. The company plans to make a ground appraisal of the Sunrise Prospect and surrounding prospects in late May. Further drilling and geophysics are under consideration. Resolution is also planning a 2,000 meter reverse circulation helicopter-supported drilling program on the East Pogo Prospect. The drilling is scheduled to commence in early June. High-grade gold mineralization identified last year during surface work is to be targeted. Table 1A: Summary of drill intervals from March-April 2021 drilling at the Sunrise prospect. Hole IDProspectFrom (m)To (m)IntervalAu (g/t)21SU001SunriseNSINSINSINSI21SU002SunriseNSINSINSINSI21SU003SunriseNSINSINSINSI21SU004SunriseNSINSINSINSI21SU005Sunrise16.7622.866.100.1321SU005Sunrise28.9630.481.520.1221SU006Sunrise1.5218.2916.760.1721SU006Sunrise24.3868.5844.200.2421SU007Sunrise0.0036.5836.580.33IncludingSunrise1.523.051.521.42IncludingSunrise9.1410.671.522.6021SU007Sunrise44.2056.3912.190.2421SU008Sunrise1.526.104.570.1021SU008Sunrise13.7215.241.520.2021SU008Sunrise25.9127.431.520.1021SU008Sunrise44.2045.721.520.1121SU008Sunrise64.0165.531.520.1121SU009Sunrise0.0074.6874.680.26IncludingSunrise12.1913.721.521.77IncludingSunrise48.7750.291.521.0221SU010Sunrise0.009.149.140.1021SU011Sunrise0.0021.3421.340.1321SU011Sunrise25.9132.006.100.1621SU011Sunrise36.5838.101.520.1321SU011Sunrise42.6744.201.520.1421SU011Sunrise73.1574.681.520.1021SU012Sunrise18.2919.811.520.1221SU012Sunrise32.0033.531.520.1121SU012Sunrise35.0536.581.520.1121SU012Sunrise39.6241.151.520.1121SU012Sunrise48.7750.291.520.2121SU013Sunrise3.054.571.520.2621SU014Sunrise0.0019.8119.810.2221SU014Sunrise27.4332.004.570.34Hole IDProspectFrom (m)To (m)IntervalAu (g/t) Table 1B: Drill collar locations for Sunrise prospect drilling. Hole IDEastingNorthingElevation (m)AzimuthDipEOH Depth (m)21SU001594872714654753970-6015.2421SU002594913714655453970-6015.2421SU003594937714657054970-606.7121SU004595001714659754890-6044.221SU005595070714658555890-6059.4421SU006595450714668763590-6068.5821SU007595480714668963690-6060.9621SU008595544714668563990-6073.1621SU0095955107146673639270-6074.6821SU010595512714668163990-609.1421SU011595516714668063990-6074.6821SU012595582714668464370-6067.0621SU013595611714668964370-6042.6721SU014595402714669665290-6068.58Hole IDEastingNorthingElevation (m)AzimuthDipEOH Depth (m) Notes for Tables 1A and 1B: An accurate dip and strike and the controls on mineralisation are yet to be determined and the true width of the intercepts is not yet known.Coordinates are in NAD83, Zone 6.Elevation and Hole Depth are in metres.Azimuth is in Degrees Grid North.Dip is in degrees.Abbreviations: g/t (grams per tonne), ppm (parts per million), ppb (parts per billion), NSI (no significant intercept)All drilling is 3 and 5/8“ diameter RAB chip drilling, all of hole is sampled.Significant results are shown for intercepts >0.1g/t Au with no more than 3.048m (10 feet) of internal dilution. QUALIFIED PERSON:The drill results provided in this disclosure was compiled by Mr Duncan Chessell, Managing Director of RML. Mr. Chessell is a member of the Australasian Institute of Mining and Metallurgy and is a Competent Person as defined in the 2012 Edition of the ‘Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Millrock’s Qualified Person (as defined in NI43-101) Gregory A. Beischer, President, CEO and a director of Millrock Resources has reviewed the information provided by Mr. Chessell including assay results, composite interval calculations and the quality assurance / quality control measures taken by RML. The technical information presented within this press release has been reviewed and approved by Mr. Beischer. QUALITY CONTROL AND QUALITY ASSURANCE (QAQC):Drilling, sampling, sample handling, and assay methods and assay quality monitoring utilized by RML for this program are described in detail in their May 17, 2021 press release. In the opinion of Millrock’s Qualified Person, the QA/QC methods, which included insertion of 9% Certified Reference Materials was appropriate. Standards and blanks were also inserted. No abnormalities were reported by RML upon review of the QA/QC data. ABOUT MILLROCK RESOURCES:Millrock Resources Inc. is a premier project generator to the mining industry. Millrock identifies, packages, and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the usual financial risk taken on by most exploration companies. The company is recognized as the premier generative explorer in Alaska, holds royalty interests in British Columbia, Canada, and Sonora State, Mexico, and is a significant shareholder of junior explorer ArcWest Exploration Inc. and owns a large shareholding in Resolution Minerals Limited. Funding for drilling at Millrock’s exploration projects is primarily provided by its joint venture partners. Business partners of Millrock have included some of the leading names in the mining industry: EMX Royalty, Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet and, Altius as well as junior explorers Resolution, Riverside, PolarX, and Felix Gold. ON BEHALF OF THE BOARD“Gregory Beischer”Gregory Beischer, President & CEO FOR FURTHER INFORMATION PLEASE CONTACT:Melanee Henderson, Investor Relations Toll-Free: 877-217-8978 | Local: 604-638-3164 Twitter | Facebook | LinkedInmhenderson@millrockresources.com FORWARD LOOKING STATEMENTS:Some statements in this news release contain forward-looking information, including without limitation, statements such as the intention to do surface exploration work including reverse circulation drilling in May and June of 2021. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. "NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE."
- ABN Newswire
Resolution Minerals Ltd (RML.AX) Sunrise Prospect Assays confirm Fort Knox style system
Resolution Minerals Ltd (ASX:RML) (Resolution or the Company) is pleased to announce significantly thick gold mineralisation results from the recent Sunrise Prospect RAB drill holes at the Company's 64North Project in Alaska.
- GlobeNewswire
Millrock Provides Exploration Update on 64North Gold Project, Alaska
Figure 1 Rotary Air Blast drill rig in action at the Sunrise prospect, West pogo block, 64North gold project, Alaska. Figure 2 Location Map – Goodpaster Mining District and 64North Gold Project Location within the Tintina Gold Province, Alaska. Figure 3 Location Map – 64North Claim Block (blue) in relation to Northern Star’s Pogo Mine property (green). Highlights: Millrock partner Resolution Minerals has completed a rotary air blast drilling program at the Sunrise prospect, West Pogo block, 64North gold project, Alaska.Drilling targeted intrusion-hosted disseminated gold mineralization exposed in a road cut located approximately four kilometers southwest of the Pogo Mine operated by Northern Star Resource Ltd. Results from drilling are expected in May.Resolution indicates it intends to do drilling on the East Pogo block of 64North in summer 2021 using a heliportable reverse-circulation drill rig. Figure 1: Rotary Air Blast drill rig in action at the Sunrise prospect, West pogo block, 64North gold project, Alaska.https://www.globenewswire.com/NewsRoom/AttachmentNg/80d4f0cd-6e54-4a3b-987e-314d5f06a587 VANCOUVER, British Columbia, April 20, 2021 (GLOBE NEWSWIRE) -- Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) ("Millrock" or the “Company”) notes that Resolution Minerals Inc. (ASX: RML) (“Resolution) has completed a drilling program at the jointly owned 64North gold project, Alaska. The program completion was announced by Resolution in an April 15, 2021 press release. A total of 27 holes were completed in a fence measuring 1,400 meters. The holes were drilled from the drill trail leading from the Pogo Mine road to the Aurora prospect located to the west of the Pogo Mine. Holes ranged between 45 and 75 meters in depth. The drill holes were designed to test beneath anomalous surface rock samples collected along the road cut in 2020. The sampling work had indicated highly anomalous gold values over 137 meters. The Sunrise prospect is located approximately 4.5 kilometers southwest of the Pogo Mine. Resolution has also indicated its intention to start another drilling program in early summer 2021 on the East Pogo block utilizing a heliportable reverse circulation drill rig. The program will target geophysical / geochemical anomalies and surface gold occurrences. The 64North Project surrounds the Pogo Gold Mine owned by Northern Star Resource Ltd., and is located approximately 120 kilometers from Fairbanks, Alaska in the Tintina Gold Province. The two main styles of mineralisation being targeted in this region are the high-grade Pogo style and the large-scale, but low-grade Fort Knox style deposits. These styles are typical for the Tintina Gold Province, which hosts over 100 million ounces of gold endowment. Resolution has earned a 30% interest in the 64North gold project, and is on track to increase its ownership to 42% by virtue of the recently completed and upcoming drill programs. Millrock receives cash and Resolution share payments in accordance with the option agreement made between Millrock and Resolution in late 2019. Figure 2: Location Map – Goodpaster Mining District and 64North Gold Project Location within the Tintina Gold Province, Alaska.https://www.globenewswire.com/NewsRoom/AttachmentNg/e0c07ee1-8e3a-46e4-8856-90ec8c724f1d Figure 3: Location Map – 64North Claim Block (blue) in relation to Northern Star’s Pogo Mine property (green).https://www.globenewswire.com/NewsRoom/AttachmentNg/cbe498f5-3a32-4aed-9dee-d612f1f5f7c8 Qualified PersonThe scientific and technical information disclosed within this document has been prepared, reviewed, and approved by Gregory A. Beischer, President, CEO, and a director of Millrock Resources. Mr. Beischer is a qualified person as defined in NI 43-101. About Millrock Resources Inc.Millrock Resources Inc. is a premier project generator to the mining industry. Millrock identifies, packages, and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the usual financial risk taken on by most exploration companies. The company is recognized as the premier generative explorer in Alaska, holds royalty interests in British Columbia, Canada, and Sonora State, Mexico, and is a significant shareholder of junior explorer ArcWest Exploration Inc. and owns a large shareholding in Resolution Minerals Limited. Funding for drilling at Millrock’s exploration projects is primarily provided by its joint venture partners. Business partners of Millrock have included some of the leading names in the mining industry: EMX Royalty, Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet and, Altius as well as junior explorers Resolution, Riverside, PolarX, and Felix Gold. ON BEHALF OF THE BOARD“Gregory Beischer”Gregory Beischer, President & CEO FOR FURTHER INFORMATION, PLEASE CONTACT:Melanee Henderson, Investor RelationsToll-Free: 877-217-8978 | Local: 604-638-3164Twitter | Facebook | LinkedIn Some statements in this news release may contain forward-looking information (within the meaning of Canadian securities legislation) including without limitation the intention to mount further exploration including drilling in 2021. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements.
